1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. đť•Ź Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. đť•Ź Posts
Discussion
1. Investment Snapshot
2. Valuation
Discussion
Symbol
LTM
Event Date
2024-07-25
Offer Range
—
Shares Offered
19M
$8.5B
Implied Upside vs Midpoint
Description
(Note: This is LATAM Airlines’ public offering of American Depositary Shares (ADS) on the New York Stock Exchange. The selling shareholders are offering 19.0 million ADS. Each ADS represents 2,000 common shares. The company will not receive any proceeds from the sale of the ADS. LATAM Airlines’ common stock is listed on the Santiago Stock Exchange and on the Chilean Electronic Stock Exchange under the symbol “LTM” – the prospectus says. The public offering price of US$28.06 per ADS is the as-converted price of the Ch$12.78 per share on the Chilean Stock Exchanges on July 17, 2024.) We are the largest airline group in South America, with over twice the number of flights of any other airline group in the region, and one of the 10 largest airline groups in the world, as measured by the number of flights operated by us in the 12 months ended March 31, 2024. (Incorporated in Chile)